m_and_a
confidence high
sentiment neutral
materiality 1.00
Forian completes acquisition by 2025 Acquisition Company at $2.17/share; to delist from Nasdaq
Forian Inc.
- 6,444,415 shares validly tendered; together with Buyer Parties' 21,991,929 shares, ~91% of outstanding shares.
- Shareholders (other than Buyer Parties) received $2.17 per share in cash; no interest, less withholding.
- Following tender acceptance, Merger Sub merged into Forian; company becomes wholly owned subsidiary of Parent.
- All directors except Max Wygod resigned; Max Wygod remains sole director of surviving corporation.
- Forian requested Nasdaq delisting and intends to file Form 15 to suspend SEC reporting obligations.
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